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NOVEMBER 3, 2020, 3:02 PM Wall Street rallies with Election Day underway Chuck Mikolajczak (Reuters) - U.S. stocks rallied on Tuesday as Ame Empty NOVEMBER 3, 2020, 3:02 PM Wall Street rallies with Election Day underway Chuck Mikolajczak (Reuters) - U.S. stocks rallied on Tuesday as Ame

في الثلاثاء 3 نوفمبر 2020 - 23:18
NOVEMBER 3, 2020, 3:02 PM
Wall Street rallies with Election Day underway
Chuck Mikolajczak
(Reuters) - U.S. stocks rallied on Tuesday as Americans voted in one of the country’s most turbulent presidential elections and investors bet it would be decided without a drawn-out process, leading to a swift deal on more fiscal stimulus.

Democrat Joe Biden’s lead over Republican President Donald Trump in national opinion polls has raised expectations for a decisive outcome and a post-election stimulus package that would make good on Biden’s promises of infrastructure spending.

Some analysts said the market’s strong gains reflected a rebound from a selloff last week, the biggest weekly percentage decline for the S&P 500 in over seven months.

“As much as the polls say one thing, I think we all know anything can happen,” said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.
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